HSBC Doubles Price Target – Here's why AMD is now Considered a Serious Challenger to NVIDIA

The British banking giant HSBC has upgraded Advanced Micro Devices (AMD) from "Hold" to "Buy" and has quickly raised the price target from $100 to $200. The stock reacted immediately with a daily increase of over 4% and closed at $144.16. Price potential of the MI350 GPUs causes the upgrade HSBC analyst Frank Lee expects an average selling price (ASP) of $25,000 for AMD's newly unveiled Instinct MI350 series – $10,000 higher than previously assumed and still about 30% cheaper than NVIDIA's comparable Blackwell B200. This opens up an attractive...